Chennai's autorickshaw fares hiked, but will it fly?

Today, The Hindu's news update service reported the following:

Autorickshaw fare hiked in Tamil Nadu
Staff Reporter

CHENNAI: The State Government has hiked the minimum autorickshaw fares from Rs. 7 to Rs. 14 for the first two kilometres. For every subsequent kilometre, the fare has been increased from Rs. 3.50 to Rs. 6 . The new rates will come into effect from January 26.

The government has fixed a waiting charge of 40 paise for every 5 minutes. For trips between 10 p.m. and 5 a.m., the commuters will be charged 25 per cent more than the revised rates. Autorickshaw owners must replace mechanical meters with electronic ones within six months and upgrade existing electronic meters within 45 days.

The government will help owners get financial assistance worth Rs. 2,000 from banks for effecting the change.

To register complaints, contact 103, 044-26445511, 044-26444445,044-26445959 or sms 98418 08123.

The question to ask is, can the Government make it work this time?

Also, why isn't the same government intervening through the market: by operating more buses to meet the real demand and making suburban train services, MRTS and rail stations more attractive for new users?